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In this post I am going to post a few “Reassuring Lies”. It is my opinion that these are reassuring lies and they do not necessarily represent the opinions of Dennis Coyne. Although I am sure he does agree with #1.
North Dakota has published January production data for the Bakken and for all North Dakota.
Bakken production was up 37,617 bpd to 932,817 bpd while all North Dakota’s production was up 37,972 to 980,294 bpd.
Please place all non petroleum related posts in this thread.
The future output from the light tight oil (LTO) sector of the US oil industry is the subject of much speculation. Above I present some possible future output scenarios based on a simple model of US LTO, the scenarios are compared with the EIA’s 2017 Annual Energy Outlook (AEO) reference scenario with cumulative output of 82 Gb from 2001 to 2050. The cumulative output of the model scenarios is for the same period (2001-2050). Continue reading
Non petroleum comments in this thread.